Wells Fargo & Company MN Raises Stock Holdings in Telefónica, S.A. (NYSE:TEF)

Wells Fargo & Company MN raised its stake in Telefónica, S.A. (NYSE:TEF) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,643 shares of the utilities provider’s stock after buying an additional 6,090 shares during the quarter. Wells Fargo & Company MN’s holdings in Telefónica were worth $577,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Callan Family Office LLC purchased a new position in shares of Telefónica during the 4th quarter worth approximately $44,000. Drive Wealth Management LLC acquired a new position in Telefónica during the fourth quarter worth $45,000. Prospect Financial Group LLC purchased a new position in shares of Telefónica during the fourth quarter worth $45,000. Merit Financial Group LLC purchased a new stake in shares of Telefónica in the 4th quarter valued at $47,000. Finally, Carrera Capital Advisors acquired a new position in Telefónica during the 4th quarter worth about $47,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Telefónica Price Performance

Shares of NYSE TEF opened at $5.05 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market cap of $28.63 billion, a price-to-earnings ratio of -19.42 and a beta of 0.43. The stock’s 50-day moving average is $4.67 and its two-hundred day moving average is $4.43. Telefónica, S.A. has a 1-year low of $3.89 and a 1-year high of $5.15.

Wall Street Analyst Weigh In

TEF has been the subject of several research reports. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Sanford C. Bernstein initiated coverage on shares of Telefónica in a research note on Tuesday, April 22nd. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Telefónica Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.